Vol 2 Chapter 430 Overseas Hummer company prepares for listing, IPO pricing

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“According to the first-phase target monthly production capacity of 50,000 wafers, put into assembly equipment and start mass production.

All staff should keep it confidential. The news that our company is able to produce high-purity silicon rods cannot be disclosed for the time being, and we can keep it hidden for as long as we can.

Employees of non-wafer fabs are not allowed to enter the production area, do not receive visits from outsiders, and are not allowed to disclose any information to the outside world. ”

Mu Yang made it clear to Xiang Hai and the surrounding R&D personnel that once Xinghai Group exposed the news that it could produce wafers, he was worried that the Congress would immediately impose restrictions on the company.

Now, the company can’t manufacture chips, and can’t expose them to the public. He would rather seal up the produced wafers and not sell them. Anyway, these things are very easy to sell, so there is no need to worry about not being able to sell them, especially high-purity silicon rods.

What Mu Yang prefers to do is to store a large amount of high-end wafers, produce high-end chips, and then frighten international giants such as Intel.

Otherwise, it can be produced, but the production capacity is insufficient, and it cannot threaten competitors.

Mu Yang left the silicon factory and returned to the office to continue planning the group.

The funds for the transfer of overseas Hummer companies have been obtained, and now Xinghai Group has a lot of cash, and he plans to expand the base and improve the base facilities.

First, expand the 4,500 mu of industrial land in the first and second phases of the headquarters base to 10,000 mu of industrial land, that is, requisition 5,500 mu of land in the third phase as laboratory land, and plan for future experimental sites.

At present, the second phase of the laboratory has not been used up yet, but Xinghai Group is developing rapidly, and it is estimated that it will be used within one or two years, and the infrastructure construction time is relatively long. This 5,500-acre infrastructure construction can be used within the next ten years.

Second, he intends to build another home, an estate.

Mu Yang’s family still doesn’t like to live on the 101st floor of Xinghai Building, and the current villa is too far away from the company. It takes 20 minutes to commute one way every day. Moreover, with his identity, he is a bit out of place with the neighbors around him.

Apart from him, the Xinghai Group’s high-level residence is also inconvenient, and it is impossible to arrange to live in the residence of ordinary employees.

In addition to high-level executives, Xinghai Group may produce or absorb some top scientists, and ordinary apartment buildings cannot meet the company’s needs.

In addition, Xinghai Group will have more and more high-tech, which also involves personal safety factors. It is better to live closer to the company.

Therefore, the company has to prepare villas and large flats.

Mu Yang and his family prefer new Chinese-style villas rather than castles. Moreover, new Chinese-style villas are more suitable for his identity. The East in the bones of Hua people just like Chinese styles, so he plans to build a new home with an area of ​​30 mu.

That’s right, it covers an area of ​​30 mu. The building area may only be one or two thousand square meters. Two floors are enough. The construction area is two to three thousand square meters. , the halls are exquisite, the flowers and trees are luxuriant, and it has strong characteristics of Jiangnan Water Town.

Surrounding his new home, there are single-family Chinese-style villas for the company’s top executives and top scientists. There are about 100 units planned, with different styles; An ordinary apartment building where 20,000 employees live.

In this way, about 2,500 mu of residential land will be needed. Even if City H ZF gives Xinghai Group a preferential price, the land cost will still be 10 billion yuan.

The construction cost is estimated to be 10 billion yuan.

The new residential land is planned to be next to the current 1,000-mu staff residence, plus the first-phase residential land, forming a 4,000-mu residential area.

At present, there are close to 10,000 employee residences, and the number of employees and their families will exceed 30,000. In addition, more and more employees will join Xinghai Group in the future, and the number of employees and their families at the headquarters base will exceed 100,000.

In fact, the headquarters base is a huge living circle, and commercial streets, shopping centers and other commercial places need to be planned so that people in the living circle have a place to spend.

In this way, hundreds of acres of commercial land are needed.

There are also public facilities such as schools, gymnasiums, etc., which need to be planned for about 500 mu.

In this way, adding 10,000 mu of industrial land, 4,000 mu of residential land, and other land, it will be a large park close to 15,000 mu, equivalent to 10 million square meters, which is equivalent to 5 kilometers long and 2 kilometers wide.

The Xinghai Group has no experience in operating the commercial city, and it has made a mess of its own. Mu Yang intends to hand over the operation of the commercial city to the Wanda Group, and the cooperation between the two parties is enough.

Whether you like Wanda Pharaoh or not, other people’s Wanda Plaza is well managed.

Third, Muyang intends to build an elevated tramway in the industrial park.

Now employees often work across laboratories, mostly riding the company’s free small yellow cars. Every time after get off work, thousands of automatic cars are piled up in the parking lot outside the company cafeteria. Some employees don’t like to ride bikes and prefer to walk. Moreover, bicycles come and go on the company’s aisles. Although there is an independent bicycle lane, which does not affect the entry and exit of trucks, Mu Yang feels that there must be more advanced means of transportation for employees to cross the park. Work and leave.

In the future, Xinghai Group’s industrial park will cover an area of ​​15,000 mu. Some laboratories are far away from canteens and dormitories. Employees’ vehicles are prohibited from driving in the company’s internal passages, even battery cars are not allowed, and only bicycles are allowed.

Therefore, it is necessary to build a short-distance elevated track to connect the four points of the laboratory, canteen, dormitory, and office building.

Mu Yang handed over the above three matters to the strategy department to plan.

…

To the east of the West Lake, Muyang’s villa.

In mid-October in City H, the weather is pleasant, and the central air conditioner in the villa has stopped running.

In the hall, Mu Yang was watching two little guys practicing turning over on the soft blanket, and the whole family gathered around to watch and encourage them.

Perhaps seeing everyone applauding, these two little guys became more energetic.

Normal baby’s big motor development is usually two lifts, four turns, six sittings, seven rolls, eight crawls, and walking. It is also normal for Muyang’s child to be able to turn over in more than three months.

“Wow, those two guys will roll over, yes. Mom, will I roll over at three months?”

“I’ll do it too. It’s like Xiaofan.” Malan smiled. In the past month, he saw his two grandchildren growing up healthy and smiling all day long.

“Oh, yes, it’s really the temper of his old man.”

Mu Yang saw the two little guys growing up slowly, and was full of expectations for their future.

Now, if the two little guys want to blow up the cannon, they will give hints, or they will look sad, and if they don’t deal with it quickly, they will cry. They definitely don’t want to hold back in less than three minutes.

If you pull your own diaper, you are still the one who is uncomfortable. Maybe it is because of previous experience that you realize that it is not good to continue to zoom in on the small cannon like the old way.

With a lovely wife and cute twins at home, Mu Yang’s life is very chic.

The company is developing rapidly, especially in the past two months, three major projects are progressing smoothly.

The first thing is that the metal 3D additive business has been carried out for more than a month. At present, 50 sets of equipment have been assembled to undertake metal 3D processing business at home and abroad.

Xinghai Group’s metal 3D additive technology shocked its peers and caused a sensation in the machinery industry. It was reported in the news for a while that many overseas companies wanted to purchase equipment from Xinghai Group, and offered a price of three million US dollars, and some companies even bid up to Ten million US dollars a set.

However, Xinghai Group lists metal 3D additive equipment as not for sale, and only accepts drawings and processing business, and does not even accept factory visits.

“Our order is US$5 million. Shouldn’t it be audited? We have doubts about your equipment capabilities, production capacity, and quality issues.”

“I’m very sorry, Xinghai Group’s metal 3D additive factory does not accept factory inspections, nor does it accept factory visits. As for quality issues, please rest assured that you can place a small order for acceptance first. If the products we are responsible for producing do not meet your requirements We will make compensation if required by the party’s drawings.”

“There is no company that does not accept our factory inspection, and we will deliver the order to the other party.”

“I’m very sorry, this is our company’s regulation. If you can’t accept it, it’s a pity that the two parties can’t cooperate. Our company has the world’s first metal additive technology, the most favorable processing price, and the most efficient processing cycle. Since customers enjoy Seeing such a discount, it doesn’t seem too much for us to make a little request.”

This is how the salesman of Xinghai Group replied to the foreigner. If they really want to do the processing on behalf of them, they will eventually accept the overlord agreement of Xinghai Group. As long as they provide the drawings, sign the contract and pay the full payment, Xinghai Group will start work on the order and deliver the goods after the order is completed.

But there is no such thing as a deposit, and the payment method is very strong, and the Xinghai Group does not want to spend too much effort to collect the final payment.

Xinghai Group has built a network platform for metal 3D additive processing. Customers only need to provide the platform with drawings drawn using AD software, including material, size and accuracy requirements, etc., and the processing weight can be calculated directly according to the weight after analyzing the software data of Xinghai Group. Automatic reporting of processing costs.

In addition, the shipping fee, customs tax and transportation fee, etc., need to be borne by the customer.

After placing the order, pay the deposit for drawing review, Xinghai Group’s technicians will review the drawings again, and the two parties will communicate technically. After there is no problem, the technician will confirm that the order information will be automatically transferred to the business department. The salesman will ask the customer to pay the balance and be responsible for business communication. , when the final payment arrives, the order information will be transferred to the factory and work will officially start.

It’s that simple and convenient, just like buying things online.

There is no need for customers to go to the factory to sign the contract, all the contracts are electronic.

The Xinghai Group did this to save management and personnel costs.

Everything is difficult at the beginning, as long as customers are used to the consumption mode of Xinghai Group, they will like this consumption mode.

Yes, some domestic customers just like the consumption mode of Xinghai Group. On the first day, they consult at 9:00 a.m., send out drawings at 10:00 a.m., reply to quotations in seconds, and review the drawings in a few seconds for a deposit. Within two hours, technicians will reply to the information For technical communication, if it is only a relatively simple drawing, the technical drawing communication can be completed within one hour, and then the order can be placed with full payment.

According to different materials and different precision requirements, the OEM price per kilogram is 1,200 to 6,000 yuan, which is very cheap for metal 3D printing.

After the order processing is completed, the logistics and shipping status will be displayed on the order process.

A few days later, the commissioned mold arrived and it was perfectly processed.

What shocked them even more was the efficiency. Under normal circumstances, they would not be able to handle it in two or three months.

With the good word-of-mouth fermenting, Xinghai Group has received more and more orders for metal 3D additive processing.

At present, Xinghai Group will establish metal 3D additive processing plants in Rongcheng, Zhengcheng, Yuecheng, Suzhou and other cities.

The second thing is that the high-speed rail bearings have entered the final stage of the review process. If all goes well, Xinghai Group will officially supply high-speed rail bearings starting next year.

The third thing is about the open authorization of bearing steel and bearing technology. In just one month, several major domestic steel mills signed bearing steel authorization with Xinghai Group, and more than 200 bearing manufacturers signed bearing technology authorization with Xinghai Group.

Relevant data from the Huaguo Bearing Industry Association shows that there are about 4,000 to 5,000 bearing manufacturers nationwide, and 1,750 of which have reached a certain scale with sales of more than 5 million yuan.

The Xinghai Group licenses bearing technology at a low price, but not any manufacturer can obtain the qualification. If there is no scientific research ability and cannot digest the bearing technology of the Xinghai Group, there is no need to authorize it; and it requires a sales volume of more than 10 million. .

With this move, Xinghai Group’s status in the bearing industry has risen rapidly and it has a strong voice.

With only 0.3% of the technology authorization fee, the Xinghai Group’s annual technology authorization fee is estimated to be tens of millions of yuan.

This money is not much, but it is not too little, and it depends on large quantities to make money.

…

end of october,

Yang Nian, president of Xinghai Investment Company, returned to City H to report to Mu Yang on the preparations for the IPO of overseas Hummer companies.

Yang Nian said: “We have found three market dealers. In the past two weeks, we have cooperated with the securities issuing company team to conduct roadshows in major cities in the United States, such as Nyo, Xinjinshan, Boston, Chicago, and Los Angeles. Also went to Eagle Country London and our Hong Kong road show, and distributed the prospectus to investors…”

There are two ways to list on Nasdaq: IPO and reverse merger (backdoor listing).

In the IPO, domestic companies generally take the form of a curve IPO.

This curve IPO means that a domestic enterprise establishes an offshore company or purchases a shell company overseas, then injects domestic assets or equity into the shell company through capital arrangements and contract design, and then uses the name of the shell company to list on the overseas stock market to raise funds.

Usually, offshore companies are registered on world-renowned tax haven islands such as Eagle Virgin Islands, Bahamas, Cayman Islands, Bermuda Islands, and Panama, so that they can enjoy tax incentives and avoid my country’s restrictions on overseas companies. Strict regulations on listing. Companies such as Xinlang, Wangyi, and S Fox on the NASDAQ market are listed in this way.

Generally speaking, if a Huaguo company wants to be listed on NASDAQ, it needs to go through the following steps: filing an application, waiting for a reply, obtaining legal approval, the redherring stage of the prospectus, roadshow and pricing, and then the prospectus and listing stage.

As long as the company meets the listing requirements of NASDAQ and can attract the attention of international investors, it is not difficult for the company to list on NASDAQ.

Because Nasdaq is a mature market, as long as investors expect listed companies to bring them returns, they will definitely enthusiastically pursue the stocks of this company.

However, the overseas Hummer company is a locally registered company in the beautiful country, which is different from the companies registered in China such as Wangyi and Xinlang. It does not need to apply to the relevant domestic departments to list on NASDAQ.

However, Mu Yang still called the boss to explain the situation, so that there would be less opposition to the listing in the country.

A locally registered company in the beautiful country, that is, an overseas Hummer company, applies for listing, as long as it meets the listing standards of Nasdaq. There are three standards in total, and all the requirements of one of the standards are met.

For example, there is a standard: pre-tax income of US$1 million in the most recent fiscal year or two of the last three years; purchase price of at least US$5 per share; 3 market makers; public shareholding value of 8 million American Knife…

For overseas Hummer companies, it is very easy to meet the requirements.

There is also no listing requirement that must meet the three-year profit in China, and the time requirement is more relaxed.

Now, overseas Hummer companies have reached the pricing stage, and this time Yang Nian came back to report to Mu Yang to discuss this matter.

The overseas Hummer company is valued at US$180 billion. After the transfer of shares, after a period of time, the valuation has risen to US$200 billion.

It plans to raise US$40 billion, that is, release 20% of the shares. The initial bargaining price is US$40 per share, a total of 1 billion shares.

Various investment institutions are optimistic about the overseas Hummer company. After the beautiful country roadshow, the subscription has more than tripled, that is, the subscription amount is 120 billion US dollars.

However, this is only an informal agreement~www.readmtl.com~ Overseas Hummer companies will adjust the IPO price according to the subscription situation. Now that there are more subscribers, the IPO price will definitely be raised.

If the IPO price is raised too much, investors will definitely have concerns, and eventually give up snapping up. After all, they are all for profit.

Some of the 1 billion shares to be issued are to be sold to investment banks and market makers, and the price is lower than the final subscription price. This amount will not be very large, otherwise, Xinghai Group and other shareholders will not be happy.

“I’m not familiar with the price you suggest for the IPO.” Mu Yang asked. He probably understood some procedures through Yang Nian, but he was not clear about the more detailed procedures.

“Chairman, after our discussion and analysis, we recommend raising it to 45 dollars.” Yang Nian said, “This price is determined based on the popularity of subscriptions and market conditions.”

If the subscription price is too high, investors will not be happy.

The final listing price will fluctuate around $45.

If the issue price is lower than the subscription price, it is equivalent to trapping investors.

Of course, this is not necessarily the case. If the stock is hot and skyrocketing, investors will still make money.

Therefore, the issue price does not matter, and ultimately depends on the price range in which the stock is finally stabilized after listing.

Mu Yang nodded, and after thinking for a while, asked: “When is the plan to go public?”

“November 1 this year happens to be Halloween in the beautiful country, and it also happens to be Friday.”

“Well, just follow the plan. I don’t have any objections. You have a good grasp.”

After reading the plan, Mu Yang signed it.

Today is October 22, and there are not many days until the listing. He is really looking forward to whether the stock price will soar after the listing.

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